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re: If you had 500k to invest in the real estate market..
Posted on 6/18/18 at 1:22 pm to Fat Bastard
Posted on 6/18/18 at 1:22 pm to Fat Bastard
quote:
probably this. I have been looking hard lately at apartment complexes. problem there is we are talking big money and if you do not have all that money you need to raise cash from private investors.
i have a friend who wants me to go in on him on a complex. The projected cash flows look good but I just don't want to ruin the friendship.
Posted on 6/18/18 at 2:35 pm to brian_wilson
quote:
i have a friend who wants me to go in on him on a complex. The projected cash flows look good but I just don't want to ruin the friendship.
maybe write up a contract between you laying out expectations and if those are not fulfilled remember this meeting and contract which will be legal and binding. but yeah you just never know if that guy has the same drive and desire to get things done and if he is open to new avenues of getting things done and does he have a RE mind or way of thinking and does he have the overall knowledge necessary. so many factors plus friendship as you stated.
i too may be seeking a partner soon on a deal we shall see.
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